Basic Info

Mohamed Moustafa, CMA P2

9 years

Buraydah, Saudi Arabia

Bachelor's Degree

Experienced

Work Experience

Cost Accountant Section Head at ALWasail Industrial Company

Experience Details

Cost Accountant Section Head

Accounting/Finance

Experienced (Non-Manager)

Alwasail Agricultural Company founded in the city of Burydah as an individual corporation in 1399 H corresponding to 1979 G and then it grew and evolved and took specialize in the field of irrigation and then turned into a joint venture company of their respective owners .
On 20 Shaaban 1428 H an order issued by Minister of Commerce and Industries to Approve the Transformation of Alwasail Agricultural Company to Alwasail Industrial Company from solidarity firm to Closed Joint Stock company
The Purposes of the company : (Production of the plastic Pipes (Polyethylene) of different sizes and lengths for Irrigation Systems, Drinking Water, Sanitation, Electricity Conduits, Telecom Ducts and their Accessories, Rubber Rings Joints and seals.
- Establishing cost flows, structure, collection procedures and business rules to ensure consistent accounting records.
- Responsible for maintaining all costing activities in the organization, manage cost centers maintenance, produce all required costing reports to the management.
- Ensuring update price of raw material and packing material and kit parts and affect that on cost products.
- Monitoring performance against budgets and ensure that budgetary controls are in line with business objectives and company commitments.
- Establish sales price list for all products with taking into account market price.
- Following update BOM on AX system and related them with products.
- Providing Suggest ways of reducing costs, conduct research and perform analytical studies with regards to costs and profitability, and use analytical skills to improve cost accounting systems.
- Improving the productivity and the production costs using the detailed analysis costing reports.
- Establishing new performance reports and develop procedures for implementation taking into account work environment
- Providing timely and accurate financial reports to management
- Examined changes in product design, raw materials, and manufacturing methods to determine effects on costs.
- Evaluation actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs and analysis variances and corrective actions
- Providing management with reports comparing factors affecting prices and profitability of products explaining.


Company Details

ALWasail Industrial Company

Alqasim, Saudi Arabia

501-1000 employees

Manufacturing, Plastics , Engineering Services

www.alwasail.com

Jun 2013 to present (3 years 6 months)
Senior Cost Accounting Analyst at Asfour Crystal International

Experience Details

Senior Cost Accounting Analyst

Accounting/Finance

Experienced (Non-Manager)

The organization is the biggest worldwide Designer & manufacturer of High quality chandeliers crystal parts (Trimmings), Crystal Fashion components (used as decorative components in jewelry & fashion industries), lighting Collection (Chandeliers, Wall Brackets, Plafoniers, Table lamps, Floor Lamps, Lanterns and spotlights with crystal ornaments ) Also special designed chandeliers of various sizes and models, Crystal figurines and 3d laser Gifts, Imitated jewelry & all its machinery & equipment required for the production line. Its manpower reaches 32000 employees, More than 95% of its sales are export to the whole world. Its competitive advantage the cost leadership worldwide.

- Conducting studies and research work on the production lines in factories for optimal economic operation of these lines, with clarifying possible alternatives to replacement products between different lines to reduce cost and achieve optimum utilization of time and energy machinery available.
- Follow-up to production management in the production of new products, as well as follow-up tests and continuous modernization and development in the machinery and production lines and to clarify the impact on the cost by doing the necessary studies before and after the amendment.
- Top level analysis of plans, peer group analysis, efficiency analysis and track against business plan.
- Implement and suggest ways of reducing costs, conduct research and perform analytical studies with regards to costs and profitability, and use analytical skills to improve cost accounting systems.
- Prepare reports for capital budget for future investment, and account cash inflows and cash outflows using the time value of money (P.V), and that in relation to investment decisions.
- Preparation of reports relating to decision-making (make or buy-drop investment- special order) to assist management in making the right decision.
- Examine changes in product design, raw materials, and manufacturing methods to determine effects on costs.
- Preparation reports comparing factors affecting prices and profitability of products explaining.


Company Details

Asfour Crystal International (multinational)

Cairo, Egypt

More than 1000 employees

Engineering Services, Luxury Goods and Jewelry , Manufacturing

http://www.asfourcrystal.com/

Jan 2010 to Jun 2013 (3 years 5 months)
Cost Accountant at Asfour Crystal International

Experience Details

Cost Accountant

Accounting/Finance

Experienced (Non-Manager)

- Preparing and analyze periodical reports, and analysis for Corporate and Manufacturing functions.
- Ensuring the accuracy and timeliness of cost controls and keep track of cost analysis.
- Establish basis of cost allocation across plants, subsidiaries and different products.
- Ensuring accurate recording of expenses by analyzing spending to identify trends and ensuring management understand and take proper actions to have spending under control
- Examining changes in product design, raw materials, and manufacturing methods to determine effects on costs.
- Evaluating actual manufacturing costs and prepared periodic reports comparing standard costs to actual production costs.
- Providing management with reports comparing factors affecting prices and profitability of products explaining..
- Preparing items income statements.
- Comparing between the standard and actual costs and preparing the variances reports.
- Comparing between the actual cost and historical cost and explains the cause of variances.
- Sharing to prepare cost centers manual in new Branch.
- Review and validate inventory valuation


Company Details

Asfour Crystal International (multinational)

Cairo, Egypt

More than 1000 employees

Engineering Services, Manufacturing, Luxury Goods and Jewelry

http://www.asfourcrystal.com/

Oct 2007 to Jan 2010 (2 years 3 months)
Financial Auditor at Hossam Chartered Accountants and Tax Consultants

Experience Details

Financial Auditor

Accounting/Finance

Entry Level

- Auditing financial statements for clients according to Egyptian accounting standards.
- Participation in the preparation of financial statements reports (trial balance-balance sheets and income statement) for some clients, with commitment of Egyptian's laws and regulation.
- Inspect clients' accounting records and express an opinion as to whether financial statements are presented fairly.
- transferred the accounts from manual system to computerize system. At all this period.
- ensure that companies apply financial and accounting procedures and policies properly


Company Details

Hossam Chartered Accountants and Tax Consultants

Giza, Egypt

11-50 employees

Accounting and Auditing Services

N/A

Jun 2006 to Oct 2007 (1 year 4 months)

Achievements


· Preparation of job, process cost.
. Establish cost flows, structure, collection procedures and business rules to ensure consistent accounting records.
· Preparation of unit cost, cost sheet, manufacturing profit and loss accounts.
· Preparation of cost ledger and overhead accounts.
· Valuation of wastage, by-product and joint product and costing.
. Provide Suggest ways of reducing costs, conduct research and perform analytical studies with regards to costs and profitability, and use analytical skills to improve cost accounting systems.
Improve the productivity and the production costs using the detailed analysis costing reports.


.Conducting studies and research work on the production lines in factories for optimal economic operation of these lines, with clarifying possible alternatives to replacement products between different lines to reduce cost and achieve optimum utilization of time and energy machinery available.
.Follow-up to production management in the production of new products, as well as follow-up tests and continuous modernization and development in the machinery and production lines and to clarify the impact on the cost by doing the necessary studies before and after the amendment.
.Preparation of the various reports for management purpose


Education

College Diploma in Cost Accounting

Education Details

College Diploma

Cost Accounting

Ain Shams University, Egypt

C / Good / 65 - 75%

N/A

N/A

Ain Shams University
2010 - 2011
Bachelor's Degree in Accounting

Education Details

Bachelor's Degree

Accounting, Faculty of Commerce

Ain Shams University, Egypt

C / Good / 65 - 75%

N/A

N/A

Ain Shams University
2003 - 2006

Certifications

Certificate details

Cost Accountant Certificate-CAC

Sep 2009

V.Good

N/A

N/A

Center Of Accounting And Managerial Expertise - CAME

N/A

Certificate details

International Computer Driving License - ICDL

Jan 2009

N/A

N/A

N/A

N/A

Certificate details

Certified Management Accountant-CMA P2

Jun 2016

360 out of 500

N/A

N/A

Institute of management accountants-IMA

Part 2, Financial Decision Making

A. Financial Statement Analysis
B. Corporate Finance
C. Decision Analysis
D. Risk Management
E. Investment Decisions
F. Professional Ethics

Training and Courses

Training/Course Details

Microsoft Excel 2010 Advanced

Apr 2012

ITEGUPT

N/A

Training/Course Details

Professional Financial Accountant - PFA

Feb 2013

Institute of Professional Accountants (IPA)

N/A

This profile is not updated!
Last update more than 3 months ago.

Jobseeker photo

Profile Skills and Keywords

AccountingAccounting And Auditing ServicesAccounts And AnalysisAnalyticalArabicAsfour Crystal InternationalCertified Management Accountant-CMA P2Cost AccountantCost Accountant Certificate-CACCost Accountant Section HeadCost AccountingCreativeDecision MakingEducationEngineering ServicesEnglishFaculty Of CommerceFinanceFinancial AuditorHuman RightsInsuranceInternational Computer Driving License - ICDLInternetInvestment DecisionsLuxury Goods And JewelryManufacturingMicrosoft Dynamics (AX) In Al Wasail Industrial CoMicrosoft Excel 2010 AdvancedMicrosoft OfficeORACLE In The Crystal AsfourPersistentPlannerPlasticsPoliticsPreparation Of Cost Ledger And Overhead AccountsPreparation Of Job, Process Cost, Landed CostingPreparation Of Standard Costing And Variance AnalysisPreparation Of The Cash Budget And Capital BudgetPreparation Of The Ration Analysis And Variance AnalysisPreparation Of Unit Cost, Cost Sheet, Manufacturing Profit And Loss AccountsProfessional Financial Accountant - PFAProfitability Ratios Analysis, Comparative Financial Statement AnalysisProject Costing And Budget Of The ProjectReadingScience And TechnologySenior Cost Accounting AnalystSportingSybase (I.B.S) In The Crystal AsfourTeam PlayerValuation Of Wastage, By-product And Joint Product And CostingWorking Capital Management

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Advanced

: Advanced

: Advanced

: Advanced

Tools and Technologies

Microsoft Office

Microsoft Office

: Expert

: Extreme - I love it!

:

More than 7 years

Sybase (I.B.S) in the Crystal Asfour

Sybase (I.B.S) in the Crystal Asfour

: Advanced

: High

:

1-3 years

Microsoft Dynamics (AX) in Al Wasail Industrial Co

Microsoft Dynamics (AX) in Al Wasail Industrial Co

: Advanced

: High

:

1-3 years

Internet

Internet

: Advanced

: Extreme - I love it!

:

More than 7 years

ORACLE in the Crystal Asfour

ORACLE in the Crystal Asfour

: Intermediate

: High

:

3-5 years

Fields of Expertise

Preparation of unit cost, cost sheet, manufacturing profit and loss accounts

Preparation of unit cost, cost sheet, manufacturing profit and loss accounts

: Expert

: Extreme - I love it!

:

More than 7 years

Preparation of cost ledger and overhead accounts

Preparation of cost ledger and overhead accounts

: Expert

: Extreme - I love it!

:

More than 7 years

Preparation of job, process cost, landed costing

Preparation of job, process cost, landed costing

: Expert

: Extreme - I love it!

:

More than 7 years

Preparation of standard costing and variance analysis

Preparation of standard costing and variance analysis

: Expert

: Extreme - I love it!

:

More than 7 years

Valuation of wastage, by-product and joint product and costing

Valuation of wastage, by-product and joint product and costing

: Expert

: Extreme - I love it!

:

More than 7 years

Project costing and Budget of the project

Project costing and Budget of the project

: Expert

: Extreme - I love it!

:

5-7 years

accounts and analysis

accounts and analysis

: Expert

: Extreme - I love it!

:

More than 7 years

Preparation of the cash budget and capital budget

Preparation of the cash budget and capital budget

: Expert

: Extreme - I love it!

:

5-7 years

Profitability ratios analysis, comparative financial statement analysis

Profitability ratios analysis, comparative financial statement analysis

: Expert

: Extreme - I love it!

:

5-7 years

Preparation of the ration analysis and variance analysis

Preparation of the ration analysis and variance analysis

: Advanced

: Extreme - I love it!

:

5-7 years

Working capital management

Working capital management

: Advanced

: High

:

5-7 years

Investment Decisions

Investment Decisions

: Advanced

: Extreme - I love it!

:

5-7 years

Decision Making

Decision Making

: Advanced

: Extreme - I love it!

:

5-7 years

Key Skills

Analytical, Planner, Creative, Persistent, Team Player

Online Presence

https://sa.linkedin.com/in/mohamed-moustafa-cma-p2-0735a263@m_mostafa85

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